MASI Stock Gains Following Q3 Earnings Beat, Gross Margin Expands

Masimo Corporation (MASI) delivered adjusted earnings per share (EPS) of 98 cents in the third quarter of 2024, up 30.7% year over year. The figure beat the Zacks Consensus Estimate by 16.7%.The adjustments include acquired intangible asset amortization, and acquisitions, integrations, divestitures, and related costs, among others.GAAP EPS for the quarter was 18 cents, down 10% year over year.MASI’s Revenues in DetailMasimo registered revenues of $504.6 million in the third quarter, up 5.4% year over year o ...